Is Greenidge Generation Holdings Inc. (GREE) a Buy, Sell, or Hold?
NASDAQ : GREE
Greenidge Generation Holdings Inc.
$1.93 USD
-$0.15 (-7.21%)
- Volume
- 183.33K
- Average Volume
- 259.24K
- Market Capitalization
- $34.78M
- P/E Ratio
- 4.60
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $2.42
- Year Low
- $1.00
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $0.50
| Source | Headline |
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Greenidge Generation Reports First Quarter 2026 Results and Advances AI/HPC Infrastructure Expansion
Power and Capacity Revenue More than Doubles Year-Over-Year to $18.7 Million Receipt of Proposed NYSEG Interconnection Agreement Expected to Advance 60MW Dresden AI/HPC Datacenter Development 250MW Load Study Initiated at Mississippi Site, Supplementing 40MW Planned for Energization in Q1 2027 Continued Debt Reduction and Strategic Asset Monetization Strengthen Balance Sheet and Support Long-Term Growth PITTSFORD, NY / ACCESS Newswire / May 18, 2026 / Greenidge Generation Holdings Inc. (Nasdaq:GREE) ("Greenidge" or the "Company"), a vertically integrated power generation company focused on datacenters and infrastructure development, announced financial and operating results for the first quarter ended March 31, 2026 and provided an update on the Company's growth prospects. Recent Highlights: Received a proposed Interconnection Agreement from NYSEG for the previously announced 60MW of non-curtailable power at the Dresden facility, which, if entered into, is expected to advance the Company's AI/HPC datacenter development plans; Submitted a request to the Tennessee Valley Authority for 250MW of additional power at the Company's Mississippi greenfield site, which would supplement the 40MW load that the Company anticipates being energized in Q1 2027; Engaged advisors to assist with marketing and development of the Company's Dresden and Mississippi properties in support of the Company's AI/HPC infrastructure strategy, including detailed site plan designs; Continued discussions with multiple parties regarding potential joint ventures, strategic partnerships and other potential transactions involving the Mississippi site, including a possible sale thereof; Signed agreement in April to sell a non-core asset in Mississippi for $1.08 million; and Held 98 Bitcoin valued at $6.7 million as of March 31, 2026. accessnewswire.com - 2026-05-18 08:00:00 |
